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Stock Market & Financial Investment News

News Breaks
February 12, 2013
17:16 EDTIAGIAMGOLD acquires additional shares in Eagle Mountain
IAMGOLD announced that it has indirectly received, through its 95% owned subsidiary, 3,236,246 common shares of Eagle Mountain Gold, or EMGC, formerly Stronghold Metals. The shares were received, on a prospectus exempt basis, as consideration under an earn-in agreement with EMGC for the remaining 50% interest in the Eagle Mountain exploration concession in Guyana. IAMGOLD now indirectly owns, through its 95% owned subsidiary, 5,536,246 common shares of EMGC, or approximately 14.93% of the outstanding common shares. The common shares of EMGC indirectly acquired today by IAMGOLD were acquired for investment purposes. IAMGOLD does not have any present intention to acquire, indirectly or directly, ownership of, or control or direction over additional securities of EMGC. It is the intention of IAMGOLD to evaluate its investment in EMGC on a continuing basis and such holdings may be, indirectly or directly, increased or decreased in the future.
News For IAG From The Last 14 Days
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May 27, 2015
05:14 EDTIAGIAMGOLD reports Westwood mine production continues uninterrupted
IAMGOLD reports that a localized event occurred at the Westwood mine in Quebec during the night of May 26. No employees were injured and all employees in the mine were evacuated. Nine people were in that area when the event occurred and, once the fallen ground material was removed, were also able to exit the mine safely. Gold production in the mill was not interrupted as Westwood has sufficient stockpiles and has advanced underground development to the extent that it has many operating underground stopes from which to mine. Mining in the affected area has been suspended until the situation analysis is completed, as worker safety remains the priority. Based on an initial assessment of this event, annual production and cost guidance for Westwood remain unchanged. The Westwood emergency response team was immediately deployed. Government authorities, including the provincial safety authorities CSST, and local stakeholders have been notified.

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